5 / 58 Relevant items tagged with #FTX
Posts: 1,737
Posts
Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype
[Aug 11, 2024 2:30 AM] A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents…
US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery
[Aug 8, 2024 6:05 PM] A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of…
FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge
[Aug 8, 2024 6:44 AM] United States District Judge Peter Castel passed the approval on August 7, a filing shows. It did not seek a civil monetary penalty.
NY judge approves $12.7B settlement between FTX, Alameda and CFTC
[Aug 8, 2024 4:51 AM] United States District Judge Peter Castel has officially signed off on a settlement between FTX and the commodities regulator, meaning $12.7 billion will be paid back to FTX creditors.
Gov. Tim Walz accepted — and returned — $4K donation from FTX exec
[Aug 7, 2024 6:40 PM] Nishad Singh and Sam Bankman-Fried contributed to the campaigns of two Minnesota policymakers mere days before FTX’s collapse in 2022.
Solana Price Crashes Below $160 Amid Revelations Of FTX’s Hidden SOL Stash
[Aug 3, 2024 6:30 AM] The Solana price has been rocked by the latest bombshell revelations surrounding the collapse of crypto exchange FTX. According to a whistleblower claiming inside knowledge of FTX’s operations, the now-bankrupt company is secretly holding a…
Bitwise exec says, ‘We’re not bullish enough,’ amid political sway to crypto
[Aug 1, 2024 4:35 AM] Bitwise’s Matt Hougan said the idea that US politicians are even considering Bitcoin as a reserve asset is a monumental step, given it felt more like a “daydream” a year ago.
The Bahamas 'Dares' Again 1.5 Years After FTX Collapse, Brings in New Crypto Law
[Jul 31, 2024 12:36 PM] The Bahamas, where bankrupt cryptocurrency exchange FTX was headquartered, has seen a new crypto law passed in parliament, The Securities Commission of The Bahamas announced on Tuesday.
Judge grants ex-FTX exec’s request to postpone reporting to prison
[Jul 30, 2024 10:04 PM] Ryan Salame will have an additional 45 days of freedom after his lawyers said there were medical complications due to a dog bite.
FTX class action lawyers move to block Sullivan & Cromwell’s dismissal motion
[Jul 30, 2024 5:00 PM] Lawyers for FTX class action are challenging Sullivan & Cromwell’s dismissal request, claiming the law firm facilitated FTX’s fraudulent activities.
Ex-FTX exec asks for delay reporting to prison after dog attack
[Jul 27, 2024 10:00 AM] Ryan Salame was scheduled to report to prison on Aug. 29 after being sentenced to 90 months for charges related to the misuse of FTX user funds.
Judge approves delaying forfeiture of donations from FTX-funded PACs
[Jul 26, 2024 12:52 PM] Former FTX CEO Sam Bankman-Fried reportedly donated roughly $40 million directly to political candidates and PACs in 2022 before the collapse of his crypto exchange.
Federal Reserve Board drops enforcement action against Silvergate
[Jul 26, 2024 11:01 AM] Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.
Crypto think tank launches voting project to support ‘right candidates’
[Jul 24, 2024 11:55 AM] The Digital Future project did not endorse specific candidates or political parties, but its CEO ran as a Republican in a 2022 congressional campaign associated with FTX.
BlockFi Administrator Submits Plan in Court to Make Customers Whole
[Jul 22, 2024 11:56 PM] "This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi," said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc.
Blockfi to Begin Interim Crypto Distributions via Coinbase This Month
[Jul 19, 2024 3:30 PM] Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for bankruptcy protection in…
FTX and CFTC agree to $12.7B settlement, subject to court approval
[Jul 16, 2024 5:00 PM] The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors.
Jump Trading Drags FTX Estate to Court Over $264M Serum Token Loan
[Jul 11, 2024 12:18 AM] Jump Trading's Tai Mo Shan subsidiary is seeking nearly $264 million in damages over a failed delivery of SRM tokens – more than the protocol's current market cap.
Sentencing for ex-FTX execs set for October, November
[Jul 9, 2024 9:14 AM] Former FTX executives Nishad Singh and Gary Wang, who both testified at Sam Bankman-Fried’s criminal trial, are scheduled to be sentenced later this year.
Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced Later This Year
[Jul 9, 2024 8:37 AM] Former FTX Director of Engineering Nishad Singh and former Chief Technology Officer Gary Wang are set to be sentenced this fall in the ongoing criminal case against what was once a global crypto exchange before it collapsed in historic fashion near…
Report: Family at the Center of Sam Bankman-Fried’s Campaign Contributions
[Jul 6, 2024 11:22 AM] Sam Bankman-Fried’s political donation activities were allegedly a family affair, involving his brother, mother, and father. Bankman-Fried, the founder of FTX, reportedly directed over $100 million in political contributions with his…
Colossal Buying Pressure For Bitcoin And Solana As FTX Plans $16B Distribution, Expert
[Jul 5, 2024 9:00 PM] In a significant development for the cryptocurrency industry, FTX, the exchange that collapsed in November 2022 under the leadership of convicted Sam Bankman-Fried, is preparing to distribute a staggering $16 billion in cash to its customers, which…
SBF family linked to $100M FTX scandal, legal trouble looms
[Jul 5, 2024 5:23 AM] According to emails seen by the WSJ, Sam Bankman-Fried’s family allegedly funneled millions from FTX to political causes, raising significant legal questions.
Yield App Suspends Operations Ahead of Liquidation
[Jun 28, 2024 6:45 PM] Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based company halted…
Crypto platform Yield App shuts down citing FTX losses
[Jun 28, 2024 4:42 AM] Yield App halts operations, citing losses from FTX exposure, despite previous assurances of no significant impact.
Ripple CEO Blasts SEC Chair’s Crypto Remarks — Says ‘Gensler Will Cause Biden to Lose the Election’
Cash or crypto? FTX creditors to vote on how they're paid back
[Jun 25, 2024 10:49 PM] FTX lawyers stressed that in-kind crypto payouts would clash with bankruptcy laws but several creditors feel shortchanged by the proposed cash repayments plan.
FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote
[Jun 25, 2024 8:00 PM] FTX, the failed crypto exchange, will seek customer approval for its Chapter 11 plan to compensate victims and resolve government penalties stemming from the platform’s fraudulent collapse in November 2022. The decision by Judge John Dorsey…
Centralized crypto exchanges are key for mass adoption, despite FTX collapse — X10 CEO
[Jun 21, 2024 6:45 AM] Hybrid, non-custodial exchanges could help restore industry trust in crypto, but CEXs remain key for onboarding new users, according to according to X10 CEO Ruslan Fakhrutdinov.